Consumers have been pinching pennies since skyrocketing inflation in 2022 took a toll on their wallets, and worries that prices may rise further in the wake of newly instituted tariffs have sparked considerable debate.

Treasury Secretary Scott Bessent conceded on Sunday that President Donald Trump’s tariffs could increase prices for consumers. Walmart CEO Doug

Mr Trump had blasted the company for hiking prices over his tariffs and urged it to “eat” the costs. Read more at straitstimes.com. Read more at straitstimes.com.

The Treasury secretary concedes that Walmart will shoulder higher costs because of new levies on foreign nations.

Treasury Secretary Scott Bessent suggested critics of President Donald Trump's tariff plan should be open to cutting taxes, calling them “deflationary.”

Treasury Secretary Scott Bessent warned on Sunday that tariff rates will go back to "reciprocal" levels if countries do not make trade deals with the US during the 90-day pause. “President Trump has put them on notice that if you do not negotiate in good faith,

Treasury Secretary Scott Bessent responds to Walmart’s CEO saying prices will rise for Americans because of Trump’s tariffs.